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Expenditure

Key Words and Concepts for JC Expenditure

TermDefinition
What is expenditure? Amount of money spent during a particular period in time
List 2 types of expenditure Fixed, Irregular, Discretionary
What is impulse buying? Buying on the spur of the moment without thinking of the consequences
Define Opportunity Cost? The item we had to do without or the opportunity we had to forego
Popular Economics sets

 

 



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